Financial Industry News
Weeks ago, NewsBTC reported that the market capitalization of leading crypto stablecoin Tether (USDT) was on track to $10 billion. This week, after a large minting of coins, the milestone was reached. Related Reading: A Hacker Just Drained $500k in Ethereum & Altcoins From a DeFi App Crypto’s “Reserve Currency” Hits $10 Billion Market Cap […]
Continue ReadingChinese authorities are trying to strengthen their epidemic preparedness and have identified blockchain as a key component of the response. The Chinese Circular of the National Health Commission released its plan on June 30 on how to ramp up its information technology support amid future pandemics. One component of the strategy is the use of blockchain […]
Continue ReadingTesla’s valuation is now within 5% of Toyota Motors, the gargantuan player in the space. The electric-car company will likely de-throne Toyota soon. However, one indicator suggests Tesla may take a breather first. Markets have a love-hate relationship with Tesla Motors (NASDAQ:TSLA). The electric car maker is either a market darling or out of favor. […]
Continue ReadingLitecoin is one of many crypto tokens that has been struggling to garner any upwards momentum in recent times. LTC has formed an incredibly close correlation to Bitcoin as of late, which has caused it to enter a long-held bout of sideways trading. Like BTC, it is currently trading at the lower boundary of this […]
Continue ReadingRecently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish. The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early […]
Continue ReadingBitcoin’s bulls and bears appear to be locked within an intense battle for control over the cryptocurrency Bears have been gaining the upper hand over the past few weeks, as the crypto has been consistently trending downwards despite being caught within a multi-week consolidation phase Presently, BTC is trading just above a crucial support level […]
Continue Reading“Buy Apple” is trending on Twitter this morning. But the company also dropped its component ordering by 50%. Investors are playing with fire right now. With shares up over 78% in the past year, Apple (NASDAQ:AAPL) looks like a safe-haven play in the stock market. And, sure, the company’s $1.5 trillion market cap means it’s […]
Continue ReadingThe UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd. According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being “nothing but a scam”. Fake statements abound The firm, also known previously as XtraderFX and Cryptopoint, advertised […]
Continue ReadingYouTube influencers Tati Westbrook, Shane Dawson, Jeffree Star, and James Charles have been engulfed in controversy for the past two years. Tati just released a tearful video claiming she’s innocent. But, honestly, who cares? It’s 2020. The world is undergoing critical changes, why are we still wrapped up in these useless influencers? I hope the […]
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